2013 Tax Season

[alfred russel]

Is it more than 42k?

It is less than that.

[derspiess]

Taxes suck.

[Grey Fox]

Is it more than 42k?

It is less than that.

Than, when the revolution comes, you get to keep it.

[DGuller]

I was in the same boat with the oversized checking account just earlier today.  I live significantly below my means, so the balance in my direct deposit checking account grows over time, and it grew to some pretty significant figure.  It's easy to reach a decision paralysis with such amounts, since every misstep or mistime can cost easily cost you four figures.  At least with 401k, your regular contributions are out of sight and out of mind.

Of course, tax day is a good day to clean the house a little, so just today I purged my checking account.  A little Roth IRA here, a little "high yield" savings account there, and it's back to "enough to not bounce your checks" level.

[Ed Anger]

I used to pop the excess into CD's, but damn the interest sucks on those nowadays.

[Norgy]

Taxes filed, expected tax return: 14.000 NOK plus interest. 

Now that's some foldin' money!

I tried doing a quick estimate as to how it translates into USD. Less than $ 2000. Still, worth slotting into that great black hole that is my retirement fund.
Since I spent last year being 100 % employed rather than on my own dime, I also get: Holiday Money. And that, my friend, is worth getting a boner over.
55k NOK tax free. All mine. My precioussssssss.

[derspiess]

I used to pop the excess into CD's, but damn the interest sucks on those nowadays.

1.05% ain't enough for you??

[Ed Anger]

I used to pop the excess into CD's, but damn the interest sucks on those nowadays.

1.05% ain't enough for you??

No.

THANKS OBAMA

[Ed Anger]

I wish I could get tax free holiday money. 

[MadImmortalMan]

"high yield" savings account

Does that exist?   

[Norgy]

I used to pop the excess into CD's, but damn the interest sucks on those nowadays.

1.05% ain't enough for you??

Before he found CDs, he used to invest in Betamax. So it's an improvement.

[DGuller]

"high yield" savings account

Does that exist?   

My Capital One 360 account (formerly ING Direct) yields 0.75%.  Not sure how they manage it, given that there are no significant restrictions on withdrawal that I'm aware of.

[Norgy]

I've put small amounts each month into a fund investing in the BRICS.
It has had a good yield. 28,3 % in 2013. I thank the pencilpushing cuntiballsfucktards for their effort.

[PJL]

I've put small amounts each month into a fund investing in the BRICS.
It has had a good yield. 28,3 % in 2013. I thank the pencilpushing cuntiballsfucktards for their effort.

Is that a good idea given that C has a housing bubble bursting, I is in the middle of elections, and R is pissing off The West (TM)?

[Norgy]

Nope.
I expect a loss in 2014.
I'll also spread about a bit, investing in Africa. Eastern Africa. Kenya, Tanzania and Uganda are growing markets. Heck, I might invest in a Kenyan wife. The girls there really are beautiful. It will be my stint at colonialism.

I'd like my headstone to read "Well, he was stupid and drunk most of his life, and the rest was ruined by bad investments. Thank Fuck he's dead".